TOKYO (Reuters) - The Group of Seven (G7) countries are expected to&nbsp;adopt&nbsp;an "action&nbsp;plan" for the stable supply of&nbsp;key&nbsp;minerals at an&nbsp;environmental&nbsp;ministers&nbsp;meeting scheduled over the weekend in Japan, the&nbsp;Yomiuri&nbsp;daily newspaper reported on Friday.
Japanese industry minister Yasutoshi Nishimura is considering proposing the&nbsp;plan&nbsp;for the&nbsp;minerals, integral for battery electric vehicle motors and batteries, in an effort to strengthen economic security,&nbsp;Yomiuri&nbsp;reported.
The countries are expected to include&nbsp;plans on improving the forecast of long-term demand and supply of cobalt, lithium and nickel, as well as developing an efficient recycling system in the action&nbsp;plan, the paper said. They will also provide over 1 trillion yen ($7.55 billion) in financial support for mining development.
The&nbsp;G7&nbsp;climate, energy and environment&nbsp;ministers' meeting will be held in northern Japanese city of Sapporo on Saturday and Sunday.
The countries are also expected to agree on basic principles for trading in greenhouse gas emission reductions, according to the newspaper.
($1 = 132.4800 yen)
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(Reporting by Satoshi Sugiyama; Editing by Lincoln Feast)

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G7 environmental ministers to adopt plan on key mineral procurement - Yomiuri